News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
In the news from CNNMoney: U. S. sees its best wage growth in six years. Oil company defaults are coming because of low oil prices. U. S. economy adds 271,000 jobs as unemployment falls to 5%. With strong jobs report interest rates may yet rise this year. Migrants will boost …
MHProNews has learned from constructiondive that the latest National Association of Homebuilders (NAHB) Cost of Construction survey reveals the average construction cost of a single-family home, 2,802 square feet, has risen to $289,415, increasing from $95 per square foot in 2013 to $103 per sf today. Builders reported cost increases …
Price of New Single-Family Site built Home Rises over $120k to $468k Read More
Responding to House Financial Service Chairman Rep. Jeb Hensarling’s (R-TX) request for ideas on addressing poverty and home affordability, MHProNews and ManufacturedHomeLIvingNews publisher L. A. “Tony” Kovach documents HUD’s failure to promote manufactured housing as affordable housing. In Re-inventing HUD’s Role in Quality Affordable Housing, Kovach points out the percentage …
Residents questioned the Upper Township Planning Board in Upper Township, New Jersey about two manufactured home communities (MHC) for seniors, one with 110 home sites in Seaville and another one that is proposed in Palermo. Ground was broken last month for the community in Seaville, planned by Ocean City developer …
Three New Senior Land Lease Communities Rising in New Jersey Read More
MHProNews has learned from koin-tv in Hillsboro, Oregon that manufactured homes in a community may increase in value without any improvement being made to the home. Alice Siller’s MH was built in the 1980s, and has been valued at $12,000 for tax purposes, which cost her $6 a year. Then …
Manufactured Home Tax Bill rises from $6 to over $400 Read More
A staircase tucked in between cantilevered modular units leads to a door, in each unit, that opens into the living room, which distinguishes these modular homes that have been adapted to the rocky terrain in the region of Cordoba, Argentina by architect Carlos Alejandro Ciravegna. As designboom informs MHProNews, each …
In the news from CNNMoney: Whole Foods is spoiling, as same-store sales drop. Home sales experience biggest gains in eight years. New pencils grow into vegetables after they become stubs—the eraser contains seeds. SUV sales in September jumped 58% over the previous year—in China. Worth an estimated $25 billion, Airbnb …
Most Tracked Stocks Flat, same as Dow, NASDAQ and S&P Read More
Pointing to a potential upside of $13.09 from the current price, equities researchers at Scotiabank have given Killam Properties (TSE :KMP) a target price of C$11.75 ($8.93 USD) in a research report issued to clients and investors on Wed., Nov. 4, according to dakotafinancialnews. Other analysts have been issuing reports …
The Member of Parliament (MP) for Folkestone and Hythe, Damian Collins, says the United Kingdom has a situation, part of which is shared by the U. S.–a lack of homes to buy and a lack of affordable homes to rent, that could be alleviated using modular homes, as expressandstar tells …
British MP Urging Modular Homes Solution to Housing Shortage Read More
Updating a continuing story MHProNews last posted Oct. 9, 2015 regarding mandated sprinklers in new home construction in Maryland, modularhomecoach reports the legislation may have formed a rallying cry for on-site and off-site builders to join forces, and attempt to have the law rescinded. The regulation will cover manufactured homes …
Sprinkler Mandate in Maryland Dampening Home Building Read More
On the news of Freddie Mac reporting a net loss of $475 million for the third quarter of 2015, significantly down from the net income of $4.2 billion for the same quarter 2014—the first time in four years– MHProNews has learned from housingwire that Freddie Mac CEO Donald Layton is …
Freddie Mac Drowns in Red; CEO Layton says Lenders need to Lower Down Payment Read More
In the news from CNNMoney: Electronic technology in the NFL may determine out-of-bounds, touchdowns and first downs. Trump to host Saturday Night Live, limited to four seconds due to FCC regs. Ohio voters reject legal pot, but ten other states are considering it. Honda dumps Takata over faulty airbags. Citing …
MHCV Advances to 1188.1; Interest Rates may Rise Next Month Read More
MHProNews has learned from washingtontimes that developers in Berthold, North Dakota are preparing to break ground this fall for a new modular subdivision a mile east of Berthold. New homeowners are being sought for the 240 home site Prairie Rose Estates, which has been in the making for three years. …
Groundbreaking near Minot, North Dakota for Modular Subdivision Read More
Following the continuing saga of survivors of the Butte and Valley wildfires in Northern California as MHProNews last posted Oct. 23, 2015, record-bee reports the Federal Emergency Management Agency (FEMA) has identified the Clearlake Resort and Campground near Lakeport as a site that will accommodate 40 manufactured homes. Another location …
Site Set for 40 Manufactured Homes in Wildfire Area Read More
According to the National Association of Homebuilders (NAHB) index, the pace of multifamily residential construction rose 27 percent in Sept. over Sept. of 2014, while spending on single-family building was up 13 percent for the same period. Total private residential construction for Sept. rose to a seasonally adjusted annual rate …
Multifamily Residential Building Expected to Slow in Coming Year Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that HUD Code production of manufactured homes for September, 2015 reached 6,325 homes, an increase of 7.8 percent over the 5,862 homes produced in September of 2014. Total industry production for the year now totals 52,061 MH, an eight percent …
MHProNews has learned from dakotafinancialnews that manufactured home component supplier Drew Industries (NYSE:DW) reported $0.70 earnings per share for the third quarter, 2015, missing analysts consensus of $0.74 by $0.04. Earnings per share for the same period last year were $0.64. Drew earned $345 million during Q3, as compared to …
In the news from CNNMoney: Chipotle sued by customer who claims she got E. coli poisoning. Standard Chartered bank cutting 15,000 jobs. China now runs four of the world’s biggest five banks. JPMorgan Chase and HSBC are now “too big to fail” banks. Tesla’s shares advance following earnings report. ISM …
MHCV Advances to 1181; More MH Stocks Fall than Gain Read More
Manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) has announced the underwritten public offering of 3,250,000 shares of its common stock at $65.00 per share, according to marketwatch. Moreover, the underwriters receive a 30-day option to purchase up to an additional 487,500 shares. BofA Merrill Lynch, Citigroup and BMO …
Kentucky Gov. Steve Beshear has chosen SSK Communities owner and co-founder Nathan Smith to serve on the reorganized 13-member Cincinnati/Northern Kentucky International Airport (CVG) board of directors. He is the only board member selected directly by the KY governor. The other members are nominated from the KY counties adjoining the …
